Goldman Sachs creates digital asset taxonomy system for subscribing investors
Goldman Sachs, MSCI, and Coin Metrics announced Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called datonomy and is available by subscription from the three companies. The new taxonomy divides digital assets […]
Binance CoinMarketCap Index Series kicks off by tracking top 10 crypto
Crypto exchange Binance announced it will launch its first index product, the Top 10 Equal-Weighted Index, to kick off its Binance CoinMarketCap (CMC) Index Series. The Top 10 Equal-Weighted Index will monitor the performance of the industry’s top 10 cryptocurrencies by market capitalization, such as Bitcoin (BTC) and Ethereum (ETH). Binance indices will utilize pricing information […]
Altcoin Roundup: Crypto indexes offer broad access, but are they profitable in the long run?
The cryptocurrency market is known for its high volatility and the wild-west nature of the space is, in part, due to many of the assets having small market caps and the 24/7 operational hours of centralized and decentralized exchanges (DEXs). In addition to being high risk, crypto trading can also be a very time-intensive process. […]
Shiba Inu surges over 45% in two days to reach an all-time high
Shiba Inu (SHIB), a spin-off to Dogecoin (DOGE) token, reached an all-time high following a price surge of more than 46% in just two days. The SHIB/USD trading pair was valued highest at $0.00003941 during press time. The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which […]
S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether
S&P Dow Jones Indices, a major global resource for index-based data and research, has introduced its first cryptocurrency indices amid a renewed surge on crypto markets. The company announced Monday that it launched three crypto indices tied to the performance of the two largest cryptocurrencies: Bitcoin (BTC) and Ether (ETH). The newly introduced indices include Bitcoin-based […]